Topic: What are Meme Coins? (Read 556 times)

Come on. It can’t be just 2%. You’re trying to saying that only 2% of people earn and yet we still hear so much hype around memecoins? No, a lot of people actually earn from it and it is the smart ones; the ones who know when to take out their funds. It is a risky market doesn’t mean that few people only win… it’s just the unstable volatility which is triggered by the hype that makes it risky. But how then is it a memecoin if that hype/risk isn’t attached?

Indeed memecoin are too risky. So I doubt if traders make profit like you said. Even if it's possible I think out of %100 %98 of traders loss while %2 gains. If atol it's up to %2 They are just like ponzy scheme.

Even before, Dogecoin is more than just a meme coin. I just regret that I didn't hold it until during the peak but it's usually used for transfers even years ago. The fee for each transfer you'll do with it is very cheap even until now and that's why it's more just a meme coin that we used to know.
It's a beloved of the community and despite with all of the meme coins craze that we're getting, no one's going to forget dogecoin.

Looking for luck by creating a meme coin project is something that is done a lot nowadays, and it seems like it will trick a lot of people out with cheap prices to look for luck that won't necessarily be easy to get. I agree with your opinion, friend, that catching meme coins to escape the trap is very rare, but once again, many people are tempted by meme coins because of the FOMO that always accompanies the growth that occurs, and many want to get involved in order to be seduced. but that is the reality that happens, even though many experiences have been seen so far that meme coins cannot promise the expected luck because the risk is very high when investing in them.

Indeed, this is hard to believe because usually meme coins are really high risk. Lots of people create new meme coins and advertise them vigorously and with high promises. So usually meme coins will be very easy to hype compared to other types of projects. For whatever reason, meme coins seem to be a favorite for some people to make a profit. Even though it could actually be said that they are taking advantage of meme coins from new comers who are victims of FOMO from the meme coin hype. And this continues until now.

For Doge, it has passed the stage of being just a meme coin. Today, we can see it being used for a lot more than the hype. Btw, you said that memecoins has considerable volatility. Well, I think you’re not saying it as it actually is. Memecoins have the most volatility and can take you from zero to hero overnight (it could be the other way round too). Also, I hope you know that you have to update your topic every month because memecoins doesn’t seize to be created. Each month many projects are created and definitely meme projects are amongst them.

Meme coins preference is pure gambling for those who are not educated well regarding of meme coins but those who keep searching will definitely find meme coin as a profitable coin. Every field have some defeatist and some worthwhile impacts therefore if we focus on just a single character then it will be our fault.

Don't hold your meme coin longer and sell whenever you find an well aimed timing so you will realize that how profitable they are. Reaping reward on time is compulsory and for it one has to keep eye on prediction and price chart. Ask from doge investor most of them will recommend to put money into doge because they find it as a profitable investment.

Meme Coin is hard to believe. If you trap all the meme coins in a net, most of the meme coins will escape through the holes in the net, only a few meme coins will be trapped in the net and may be fruitful in the future. The number of meme coins that survive in the market is due to strong community promotion. If we notice the names of Dogecoin, Shiba Inu, Pepe Coin, Floki, BoneShiba Swap Coins are known in the market. If you can shoot the arrow in the right currency you will profit from it, otherwise forget  all about it.

Yeah you are correct about the fact that meme coins are good for short term holding, and I approve of that but what I am saying is, the risk associated with meme coin investment is just too much, even for a newbie or an advanced pro trader or investor. Meme coins might be the next target for hackers and scammers to penetrate through. Beside I didn't say they are all scam project or were created for scam purpose either. C'mon mate you know what am talking about, so stop acting a novice.

I am not agree with you, are you think that memecoin other than doge are created for scam purpose? Shib, Pepe, Xsats all are meme coins but accepted by many exchanges and that's it. The project you promoting (Elon) is also Meme coin than what will be your thoughts on this project? If you think it is shit project and should not profitable then how you could promote to others and If you think it will give profit then you should rethink your above post.

Meme project are not for long term but high profit in short time. The only thing is to research for best project among many new projects.

It's so embarrassing that many of our investors now follow after trend and forget all that they have learnt so far. The risk associated with meme coins are just too much for me  to comprehend, coins that were made out of joke inspiration are not worth investing in, majority of shitcoin and scam project are meme coins, though they can initially seem promising by giving their investors some sort of profit, but they can still crash to price zero with the twinkle of an eye. What happened to dogecoin and it's massive adoption is as a result of the manipulation Elon musk did, his influence made the coin grew to this length. Nevertheless it's still not safe for investment.

I don't see meme coins/tokens the way you explained it and the way to earn from them is just the same way to earn from other coins and tokens. Cryptocurrencies don't have such a huge distinction from each other except for the difference in popularity and acceptance. It is proper to say that meme coins are for the vibe, just as the name implies "meme," there is no utility but we should never limit them to that. In cryptocurrency, there are many coins/tokens that are claimed to lack utility, just like Bitcoin. Some even argue to the point that Bitcoin is never a security. But with people appreciating cryptocurrency and committing their money to it, those cryptocurrencies becoming a means of storing assets and also for buying and selling (medium of exchange). Is that not utility enough, or is that not what financial securities are meant for?

For this, in the cryptocurrency space, the meme is more than the term in the normal sphere and they are often turned into something more useful as long as the coin/token becomes popular and widely accepted. In some cases, there are some till today that are now useful and accepted by many. This is what matters, the relevance people place on them.

We cannot be contemplate Meme coins to be most powerful asset with fruitful results because most of the time meme coins fall off to zero worth. Choosing of meme coin is done by numerous individuals because they have a desire for sprightly financial gain but they are heedless about pitfall.

Some meme coins are also morally correct and they can give higher return and example of such coin includes Shiba inu and doge coin but I think all the time you should not trust meme coins as it will lead you to have worried thoughts instead of any net income. People move towards meme coins for investment purpose via noticing the attainment of doge coin but remember that all meme coins are not like a doge.

Meme coins can't be predicted and it is very risky in the market,  it is very important for people not considered as a major investment that should be taking serious,  it can be investment that people can gamble with with little amount that they can afford to lose. With the experience of meme coins over the years it is dangerous to take meme coins as a major investment.  Meme coins are not reliable in the cryptocurrency market, having meme coins is like playing gambling.

  The majority of meme coins will not give us a profit. Most of them can only be hyped. I can only name a few of the meme coins that can be said to have the ability to give us profit.

  Imagine How many years has cryptocurrency been in this business industry? We can count on our fingers the meme coins that have remained in this field of business, in fact, and Dogecoin was the first, followed by Shib, followed by Pepe Coin, Floki, and others. As long as you continue to be careful and do it, it's still at your own risk.

There are many meme projects in the market and categorizing them to be meme coins is not difficult to know. Also there are somw questions we don't need to waste our time asking here because it is going to take long time for us to get reply from reputable people that will give a more relaxing opinion. There is no question we are looking for that we can't get on the internet. The internet is a better place to ask questions like op had asked to get a clear understanding about the cryptocurrency market.

No more of that elondogeinu nonsense. Quality over hype! 👍🚀

vesting in meme coins can be a rollercoaster. Wishing you better luck with future investments! 🚀

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The only meme coin I like RN is Vitalik ETH because it has real utility, it's not just some elondogeinu garbage that has no utility. Vitalik ETH makes all transactions appear to be coming from Vitalik Buterin's wallet, so it's private.

Meme coins are a type of cryptocurrency that are inspired by memes and internet jokes. They are designed like any other cryptocurrency, but their existence tends to be centered around a viral moment or funny idea, and their value depends largely on how much support they receive from online communities3. Examples of meme coins include Dogecoin and Shiba Inu1. While meme coins may be fun, they are also highly speculative and risky investments, and may hold little or no intrinsic value. It is possible to make or lose a large amount of money quickly when trading meme coins and other virtual currencies.

As much as I dislike meme coins I agree with you, it is up to each person to decide where they invest their money, and if they think meme coins are a good place to do this then it would be silly for me to try to convince them to not do this, still people need to accept the good with the bad, and just as someone could make good money with those coins they could also lose money, and in the case the latter scenario is the one that occurs those people would have no reason to complain about those coins as they decided to invest in them even when they knew the risks they were taking by doing it.

Right, because many such meme coins have limited budgets and are created by ordinary crypto users in the hope of making money from this hype. And I noticed that as soon as a new hype meme token appears, a bunch of clones appear on decentralized exchanges, which usually only grow for a few days, and then their graph just looks like a straight line at the bottom. These coins are disposable, so to speak.

Most of these coins never make it out of the exchange that they are initially listed at, whether it's a decentralized exchange or a new or not-so-famous centralized exchange which only a few thousand people use that has very low liquidity for every other coin or token except for the ones which are initially listed at their exchange.

The ones that get hyped too much, like Shiba, Doge, and a few more actually made it to every big exchange over time, not because they are good tokens/coins, but because they have a community that believes they will magically grow very high someday.

It is everyone's choice whether to participate in the hype around meme coins or not. From my experience, I can say that I was lucky enough to buy Doge several times in a timely manner before Elon Musk wrote a post mentioning this coin, as a result of which I got a good profit.

Mo doubt that meme coins are high risk token and without research your money can be go down to many x or zero if it rugpull. These meme coins are also an opportunity to make a high return if you choose right project. The question is how we will find good and bad project.

If any meme coins launched on new chain with more than 20% Airdrop and they locked liquidity more than two year with listing partnership with Cex also and also have big community from start then it's not bad to invest small. recently we saw AIDoge increases so much and many risk taker made 60x in one day.

If any meme coin project using name of big project and have no locked liquidity and also no listing partnership with Cex then stay away from these projects because they can remove liquidity any time.

TA will not work on meme coin. it's pure gambling. You will able to get profit once you were jaoining early but you will earn nothing if you are joining too late. It's also having big chance to be rug pulled by scammer. There are so many scammers are making shit coin right now. Only fewer shitcoins are legit. The rest was just scam coins that already made by scammers. This is must become the main concern by anyone.

meme coin in general are just gambling in disguise, it's just full of manipulation, even the recent arb doge are just manipulation.
but within this manipulation lies opportunities of taking advantage the coin and scoring massive return only if you know the right entry.
so basically, if you are clever enough you gonna make good profits.

On the other hand, memecoins can also present opportunities for short-term gains. With a solid understanding of technical analysis and, in some cases, access to insider information, traders can potentially profit significantly from short-term price movements.

I agree with your opinion, as I said, memes are still memes, without influential people they are nothing.

Meme tokens can pump and dump anytime, they are being controlled by the manipulators and as you can see on the last hype of Elon to DOGE, its price goes pump but then after that, there was a big drop as well. There’s already a lot of meme tokens, but only two of them is able to hit the big market, the rest are just a scam tokens.

you really didn't mention wow huh

His name has been nicknamed a meme, of course he is easy to rise and of course it is also easy to fall down. I think it depends on how famous the coin meme is picked up by other people or if the quality is really good. Don't judge coin memes wrong, it's possible that your coins or the assets you invest there can turn to ashes. be careful and learn

LMAO HAHAHA. True it becomes annoying as fuck.
There were breeds, just like the OP listed, of meme coins in the market and I am quite annoyed that these coins still exists to this day, but I guess there are just some investors that are really into memes. I just recall a meme like PEPE that also had a coin and I believe that's like just a Twitch chat thing and just really an old meme also. Knowing that it has its own crypto coin just makes me wonder on why do these coins continue to exist.

meme coin is a type of cryptocurrency that is based on popular memes on the internet meme coin has a relatively small capitalization compared to other cryptos, but keep in mind cryptocurrency has speculative properties, especially memecoin, so before investing in memecoin it would be nice to do research first or invest in it on a small scale first so you don't lose a lot of your money according to my experience using memecoin in its own time so stay safe in making decisions before investing in memecoin

I have never bought such tokens and I am pessimistic about this. I don't and won't trust. It's my personal opinion. There is no sense and usefulness for the crypto community

it's basically glorified zero sum game where you gonna make profit out of other loss, meaning it's just like gambling but you can always have the advantage over the fact that you're among the early birds. so basically it's also game of positioning, that's why investing in meme coin when it's already become hot is simply means you're gonna lose some of your money.

To sum it up, you will eventually lose money investing in these memes, it all started with Elon, Dogecoin is nothing without Elon, and since he still supporting Dogecoin until this time, developers create hype on meme coins we are now in the meme coin period and these will stay as long as Elon support the very first meme.
I don't see the meme period being permanent, there will be a point where Elon will discard Dogecoin and it will eventually collapse the meme coins, just like all the hype coins in the past.
Hype coins are not permanent, because they are not bringing usage and innovation to the industry, and any coin that is without these two is bound to become a dead coin.

They are quick profit making coins if you can because they have no potential to be termed as long term holding coins.We can take idea from their name only that what meme coins can really offer to us? They are just made up as a joke with huge supply and when they get in hype you can get short term profits but many holders loose money from it and whales are the one getting real benefits out of these memecoins.

Even if you are familiar with the market of meme coins it does not really matter, meme coins move in ways that are completely random and a coin that is basically a clone from another can pump while the other coin dumps, this happens because when it comes to those coins all what matters is the hype behind them, and there is no way to know beforehand which of those coins will convince a lot of people to invest in it and which one will fail at this crucial step.

when talking about risk, I think that not only in meme coins there is a significant risk, in altcoins there is also a risk if we are not careful in investing the assets that we have.
but because we know there is a risk in memecoin, it is better if before investing there we should be able to see opportunities for which memecoin to invest. I think when we can read the opportunity then maybe the risk is only a little

Although there are large losses if the trader does not choose the correct time to enter and exit the meme coin deal, the gains are also huge in a way you cannot imagine. For example, as happened to the airdrop that some participants get from the $AIDOGE currency as they managed to turn $10 into more than a hundred dollars; this happened after the ArbDoge AI team distributed the airdrop and listed it in the exchanges such as MEXC and after the currency was deleted more than zero from its price. I am not interested in meme coins because they have no actual use, and their price can collapse in less than 24 hours, but really meme coins can create a lot of millionaires if the trader has a great experience.

There’s a big risk dealing with the meme tokens, and I don’t suggest this if you are still not familiar with the market because anything can happen here, worst case scenario is to lose everything. Well, we have to be more careful when it comes to investing, memecoin is not safe at all and you have to remember as well that not all is worth to buy, most of them are just a scam token.

Dogecoin was just sitting there in the market waiting for a miracle to happen and its supporters are almost giving up because Doge is not really the kind of coin that can create an impact in the market, people are holding Doge back then for the memory.
Then a miracle happens Elon Musk the richest man on Earth suddenly shills Dogecoin and the rest is history, Dogecoin's position very much depends on Elon Musk's support, once he takes away that support everything on Dogecoin will end and I don't think we should add more meme coins in the market, it's a big joke if we have too many meme coins in the market when they are not bringing anything.

My opinion is Meme coins are crypto assets inspired by memes and other viral online images. Although they operate similarly to other cryptocurrencies, they often exist solely to capitalize on momentum and have no clear purpose, their prices tend to be volatile and their success is often determined by the virality and support of the online community.

Some people who only focus on memecoin will usually leave big losses if trading at the wrong time.
memecoin is a crypto that only increases in value when there are certain moments and memecoin hype seasons. the rest of the memecoins will be thrown away like dirt or not needed

There is nothing worse than buying memcoins on an unknown exchange. The risk of buying meme-coins is already high, and then some unknown exchange recommends to buy these very high-risk coins from them. Meme Coins are HYIP, pure and simple. I would not recommend to anyone to buy new memcoins, especially those which are listed only on decentralized and low liquidity exchanges, because they are more vulnerable to scam than others. DYOR.

Am I the only one who finds it to be so ironic that in that picture they decided to include Terra (Luna) as part of their samples of meme coins?
Because, not long ago people had that coin in their minds as the ongoing revolution for stable coins and how it could even outmatch others like DAI, very serious business. Some months later, all is left is broken dreams, CEO under arrest, and three useless shitcoins: Terra classic, Luna classic and the fork. 

DOGE and Shib quite showed an increase lately probably because of altcoin season assumption. Many people in this industry believes that altcoin season has already started; Bitcoin dominance ease down as well as with other major tokens such as ethereum and XRP while smaller ones like MRK are the ones showing green marks in the market. But going back, memecoins are solely dependent with the token's popularity in this industry. There are no utility for this concept but what makes it still good is that impression on it has long term effect. Proof? Check how many people are still hoping for a $1 coin from such market prices. And this could be enough to make a coin alive for the investors.

Like many other things i observe, the problem of exaggerating trends happens over and over again, sometimes people keep talking about the potential based solely on community pump dump, which makes me feels very funny, but the reality is that there are still many successful projects on a small or large scale in such a way.
Responding or aiding an environment can be said to be very risky because I think it is also recognized here, where some exchanges just want to earn users and fees. That's the simplest reason why I look at the quality products that stick together, and the bad ones that find their way together.

In the early days of the meme coins, people are overwhelmed about their potential that they are risking a huge amount of money because they think its a short cut to becoming a billionaire or trillionaire. Some got lucky but later on, almost all meme coins are not pumping anymore.

As of now there are only two meme coins left who are alive and that is none other than Doge coin and Shiba Inu but they are rarely pumping as well so I don't think people are still attracted on them. As of now, the hype is on Arbitrum, Optimism, Space Id, and Zksync who also did an airdrop. They are not meme coins so they are a better investment for the long term.

To be very honest many of this history already on this write up about memecoin aren’t Necessary, I don’t want to be a bearer of bad news but the obvious truth is that memecoin won’t get to the status is has once had.

We can all say the Elon musk effect that had Dogecoin hitting all time high after all time high may not be there anymore to keep the memecoin industry relevant infact I believe that the artificial intelligence invasion into crypto-currency space would be more bigger than NFT, memecoins.

It's because they've been told that it's the type of crypto that has gained the most and all they hear is Elon, doge, shiba and meme coins. That's why they get to have the idea that the market isn't really all about bitcoin but most to meme coins.

Yes, that's it!

An advertisement on their end while making some active discussions which isn't a new strategy that we've seen here.

Even as the name implies, as Meme coin. It is not what someone will invest huge money and expect profits. It is a coin for opportunists and risk takers and what characteristics of this coin is that its success largely depends in the community's ability to hype the project.
Another thing about meme coins is their ability to be easily manipulated. For instance, dodge is at the mercy of Elon Musk and twitter. I don't actually know the hype that drives Shiba and how it will be able to redeem it from the button of the bear.

DOGE might have because it's the most famous meme coin, and it has been accepted in most if not all of the centralized exchanges out there.

I feel regret that I invested into SAFEMOON back when meme coins are a hype. If only I just invested into DOGE at that time... but shit happens I guess, and I know that there are some here who also lost in investing into meme coins. TBH, if I will look at the best meme coins that's worthy of investing, I only see DOGE, but even that coin isn't a good long term hold for me, but it's a good short to mid term hold I guess. All of the other meme coins are considered shitcoins for me - including SHIB.

Like you said, always do your own research, and you will see that there are better coins worthy of investing your money than these meme coins. For the OP, we know that this is another form of advertising your exchange, and there's no problem with it. Can I ask if you can share how many users are using your exchange on a monthly basis?

Well when it was only Doge meme coin I thought it was a nice idea. But now there is so many meme coins I think it is only becoming more of pump and dump and a joke.
There is no use for them really. The only meme coins I own in my portfolio are the original one Doge and Safemoon Inu. My portfolio is suffering big losses from me hodling these coins but I still will not sell them until they all recover.

Back when doge was pumping you could of made good money with meme coins. Especially Shiba. However keep in mind, these are meme coins and all except perhaps doge most will head towards zero since most don’t have utility. You just need to get in while The hype is still there and get out when it runs out of steam.

Don’t hold these long term because they will eventually go to zero. They aren’t a long term investment like ETH or BTC. Too many end up bag holding for this reason.

It is true that money can be made with meme coins but at the same time it is a very unreliable way to do it, so anyone thinking about investing in those coins to try to earn money will have to heavily depend on their luck in order to do so, and while for many newbies out there such a thing may seem like an attractive proposal, for those which actually know how to invest and trade the markets this seems like a terrible idea, which is why they have so much much disdain for meme coins and other similar projects.

That's probably the most interesting thing that they have seen aside from Bitcoin. I believe there are some pushbacks to what crypto currency is especially BTC and that might have become a kind of resort to meme coins because it is easy to relate to or something.

Now that I have looked into the profile, I understand now. It's an advertisement. I hope someone, who tried it, would give an honest review or something.

Meme currencies cannot be defined without downloading them in their historical context, that is, in the context of events. The crypto field, like other sectors, gets waves in which investment aspirations turn to new opportunities. The ICO projects bubble in 2017 was one of the most important of these waves, which extended over a period of time until its market stabilized. And although the meme coins projects started in an early period (2014), the wave did not start until recently, as many other projects appeared, mainly led by Dodge.

Most newbies that I've encountered not just in the forum but also IRL have been welcomed to meme coins, that's a far introduction for them and it's true that investing in meme coins is riskier these days because pump there is done.

I haven't seen someone review them but every time they create some topics like this, they always get to have that introduction being inserted in the discussion.

Meme coins are too risky to invest, I lost a lot of money investing on meme coins, so i can never invest on it again, though most daily traders make a lot profit investing on meme coins.

First of all, it is pretty obvious that this is just a pretty badly hidden shill post for your exchange, but i don't really have a problem with that. The crypto space is still pretty much the wild west and a little bit of bad shilling is really not the worst that is going on here. To the topic of meme-coins. For me they are all just shitcoins that have no purpose. I can still understand, that a lot people are liking Dogecoin because it was the first of it's kind and really just created for fun it seems. All the other stupid meme-coins that were coming out since then and especially since Elon Musk made that tweets were simply created because the people behind it want to make a quick buck without any effort.

It's a risk to invest in meme coins, and I suggest that you put money that you are willing to risk because it will be a problem if you risk everything. You need to know that you are getting into something that is not predictable and more volatile than Bitcoin because it needs to be established. Be careful with that for sure.

It's the first time I read of FMCpay. Any reviews anyone?

I don’t think any of them have a real future as a means of payment in mainstream finance. I do think that you can make quick money on them & get out ASAP into safer, more reliable investments though & that’s the aim for most meme coin investors.

Do your own research but there are opportunities out there to do very well in these projects. Just don’t hold them long term.

In short memecoins are what people use to lose money quickly, some people had absolutely no idea how trade and they ended up losing money but not a lot because you could just sell and get out. Then they invented stuff like NFT so they could lose money but at least there would be a proof of them losing money as well, they could show the NFT as a proof. Then Elon said "why are we spread too far in crypto while losing our money, we all lose it in different coins and tokens, we should get together and lose money all together". So they pumped doge and shiba, so they all lose together as a community, all together.

Doge was a meme coin. Joke. Funny to some, not to others. But can a joke be funny for 10 years? Does it get funnier when repeated 1,000 more times? NO! It becomes annoying. And that's what meme coins are for normal users. A speculative/marketing phenomenon that died in 2022 and that we would rather like to forget ever existed. For normal investors, meme coins were a disgrace, for whales, meme coins were a way to mock the entire crypto market, and for scammers, meme coins were a harvest time. A disgrace to the entire crypto market, because we spent the whole of 2021 on bubbles of dogs and cats instead of financing new technologies. A lost year of the peak of the bull market and the peak of interest in crypto. The moment awaited since 2017. The huge capital that has flowed into crypto from new investors in this period has been sucked in by scammers in such a stupid way.

And now in the middle of 2023 OP is making a list of "What are Meme Coins and how to buy them"... Seriously, you can't go any lower.


https://pbs.twimg.com/media/FoNZ33pXkAAANl3?format=jpg&name=small

What are meme coins?

Meme coins are digital currencies that get their inspiration from the Internet and social media jokes and memes. Dogecoin was the first meme currency produced (DOGE). A Japanese Shiba Inu dog meme known as Doge served as the basis for the 2013 parody DOGE.

Meme coins frequently exhibit considerable volatility. They are primarily driven by the community and can become well-known overnight as a result of FOMO and online community recommendations. However, when investors start looking at the next meme coin, their price may suddenly drop.

Another characteristic of meme coins is that their supply is either enormous or limitless. While DOGE has no maximum supply and over 100 billion tokens are already in circulation, Shiba Inu (SHIB) has a total quantity of 1 quadrillion tokens. Since meme tokens typically lack a coin-burning mechanism, their abundant supply accounts for their comparatively low values. Millions of meme tokens can be purchased for just $1 USD.

Why are meme coins so popular?

Not only are meme-concept coins becoming more and more popular, but their token count is also increasing. Over 80% of the existent meme coins were created in the last two years. Most meme coins are created by a small portion of the community and are mainly modified versions of already existing ones. A testament of the different evolution from Dogecoin is the over 70 meme coins with dog themes.

Meme coins are brilliant, well-known for recording speedy increases, and capable of achieving astounding market capitalization and popularity levels in a very short amount of time; these quick pumps are caused by a few of the factors listed below.

Hype Marketing

Hype marketing has played out well for a good number of cryptocurrency projects.

Well-planned shills by a group of people could create thrills and lure potential investors into investing in a project despite having no clear information about the project. These projects sometimes involve prominent cryptocurrency influencers and mainstream celebrities to create these shills.

If done well, hype marketing could override utility and push a project to tangible price levels regardless of the proper utility it presents. This growth despite being organic is built on ‘unverified beliefs’ and bloated utility. Meme coins adopt this strategy and utilize it better than many other cryptocurrency projects. A successful shill exercise sends the token’s price to ‘the moon’.

Fear of Missing out (FOMO)

The constant price jerks witnessed in the crypto space are driven by ambitious investors jumping into new ‘exciting’ projects with hopes of making some gains or at least not missing out on the project’s potential success. Fear of missing out on further profits.

For meme coins, the price growth that follows the hype marketing is augmented with FOMO and more hype marketing. The price growth continues as long as this trend is sustained. Many meme coins gained hundreds of thousand followers mainly on the meme culture and way before they adopted a reasonable utility.

What are the most popular meme coins?

Dogecoin (DOGE)

Dogecoin (DOGE) was created in 2013 by software engineers Billy Markus and Jackson Palmer. It was inspired by the meme of a Shiba Inu dog and was intended to be a joke cryptocurrency to attract mainstream attention. As a fork of Litecoin (LTC), DOGE adopts the same Proof of Work (POW) mechanism, and it has no maximum supply.

Shiba Inu (SHIB)

Shiba Inu (SHIB) is the rival of DOGE and is often referred to as the “Dogecoin killer”. SHIB is also named after a Japanese dog breed. It was created by an anonymous developer named Ryoshi in August 2020. The main difference between DOGE and SHIB is that the latter has a limited supply of 1 quadrillion tokens, of which 50% were burnt and donated to charity. SHIB’s ecosystem also includes a decentralized exchange, an NFT art incubator, NFTs, and an NFT game.

Dogelon Mars (ELON)

Dogelon Mars (ELON) closely follows the doggy duo in terms of popularity. As the name suggests, ELON is named after Tesla CEO Elon Musk and his passion for his company SpaceX. ELON is a fork of Dogecoin and has a circulating supply of 557 trillion tokens. As of November 2021, ELON has surged over 3,780% since its launch in April 2021.

Akita Inu (AKITA)

There are many other meme coins using Japanese dog breeds as their mascots, such as Akita Inu (AKITA), Kishu Inu (KISHU), and Floki Inu (FLOKI). AKITA was heavily inspired by DOGE. It was launched on Uniswap as an ERC-20 token in February 2021. Its tokenomics is very similar to SHIB. Like SHIB’s developer Ryoshi, the AKITA team locked 50% of its total supply on Uniswap, while the remaining 50% was sent to Ethereum co-founder Vitalik Buterin. However, AKITA only has a total supply of 100 trillion tokens, which is 1/10 of the total supply of SHIB. AKITA gained traction alongside its fellow doggy coins in May 2021 and is seen by some community members as another “Dogecoin killer”.

Samoyedcoin (SAMO)

Samoyedcoin (SAMO) is a dog meme coin project built on the Solana blockchain. At launch, 13% of SAMO supply was airdropped to members of the community. According to their website, SAMO roadmap includes burning events, airdrop tools, a decentralized exchange (DEX), and the creation of NFTs. Samoyedcoin recently gained popularity due to a sudden increase in price. SAMO grew over 4,300% within a month. In October 2021, the price went from $0.005 to over $0.22 in roughly 30 days.

Kishu Inu (KISHU)

Kishu Inu (KISHU), another canine-themed meme coin, has grown exponentially since it launched in April 2021. KISHU includes participation rewards for active users, non-fungible tokens (NFTs), and a DEX called Kishu Swap. It has been growing in popularity and recorded over 100,000 holders and 2 billion dollars market capitalization within one month after its launch.

SafeMoon (SAFEMOON)

Another meme coin newcomer that capitalized on the rally was SafeMoon (SAFEMOON). It is a BEP-20 token launched on the BNB Smart Chain (BSC) in March 2021. SAFEMOON rewards long-term holders by penalizing those who sell the token with a 10% exit fee, of which half of the fees will be distributed to existing SAFEMOON holders, and the other half will be burnt. It attracted retail investors’ attention after it soared in April. As of November 2021, SAFEMOON has a 9418.54% ROI, according to CoinMarketCap.

How to buy meme coins?

You can buy the more popular meme coins such as DOGE and SHIB, on cryptocurrency exchanges like FMCPAY. FMCPAY is a centralized cryptocurrency exchange that enables you to buy and sell directly with other users through the online marketplace. For other less prominent meme coins, you can go to decentralized exchanges.

FMCPAY is launched in 2021 with licenses in the US. By charging a low transaction fee of 0.04 percent, the exchange has positioned itself as an open and seamless gateway for cryptocurrency newcomers. According to financial experts, FMCPAY Exchange is considered to be one of the world’s most trusted platforms for trading cryptocurrencies and digital securities registered in the USA.

Click to buy your favorite meme coins at FMCPAY exchange: https://fmcpay.com/exchange